Le Mans (France)Wed Oct 29, 2003 —
Le Mans, France - October 29, 2003 - XL Re Europe, formerly known as Le Mans Ré, announced today that Emmanuel Tribout has been appointed property underwriter for Eastern Europe. Emmanuel will be responsible for developing the Company's commercial and underwriting activities in this region and will at the same time continue to be in charge of underwriting for the North African countries.Emmanuel Tribout, 35, holds a Bachelor's degree in econometrics, a Master's in financial management and a postgraduate diploma in banking finance. A graduate of the Institut Supérieur de Réassurance, he began his career in 1994, working on the German market. He joined XL Re Europe in 1999 and was responsible for the German-speaking markets until the opening of the Cologne representative office in 2000. He was then appointed property underwriter for the French market and made a significant contribution to the development of this portfolio in the post Lothar and Martin storms environment.Philippe Rochaix, Chief Underwriting Officer of XL Re Europe, commented: "This appointment, which takes place following the full integration of our company in the reinsurance activities of XL Capital Group, known under the brand name 'XL Re', is in line with our will to allocate the right resources for the markets we wish to develop. Emmanuel Tribout's technical expertise will make it possible to provide our full range of services to the ceding companies of the Eastern European countries that are important for our future development."Mr. Jeremy Hindle, Property Department Director of XL Re Europe, said: "We are very pleased that Emmanuel has accepted the challenge of developing the commercial and underwriting activities of our East European portfolio. His experience in markets that have undergone a strong push towards non-proportional solutions will be key to our success in these very important markets."XL Re is the global brand used for XL Capital Ltd's reinsurance operations. The XL Re companies have over 500 employees in 14 countries. More information about the XL Re companies is available at www.xlre.com. XL Capital Ltd, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. As of June 30, 2003, XL Capital Ltd had consolidated assets of approximately $39.2 billion and consolidated shareholders' equity of approximately $7.6 billion. More information about XL Capital Ltd is available at www.xlgroup.com.